ANALYSIS
NQ100 Finds Support from PPIApr 14
Selling Pressure on Bitcoin Continues
Despite the recovery trend in the global risk appetite, Bitcoin, which could not exceed the level of 19 thousand dollars, turned to sales again with weakened buyers. When we examine it technically, this move, which we can interpret as a re-test, can mobilize the sellers behind the rising channel break and may bring 18 thousand 100 and then Fibonacci 61% expansion $ 17 thousand 500 support levels to the agenda. Otherwise, the $19,500 levels will be our strong resistance in possible crossings above $19,000, which indicates the descending minor channel upper band.
